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File ID: 05-00377
Enactment #: R-05-0371
Version: I
Type: Resolution Status: Mayor's Office for
Signature
Enactment Date: 6/9/05
Introduced: 4/19/05 Controlling Body: City Commission
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING
THE CITY MANAGER TO EXECUTE AMENDMENT NO, ONE, IN SUBSTANTIALLY THE
ATTACHED FORM, TO THE AGREEMENT WITH FLAGLER FIRST CONDOMINIUMS, LLC,
RELATING TO THE REDEVELOPMENT OF AN AFFORDABLE HOUSING CONDOMINIUM
PROJECT KNOWN AS FLAGLER FIRST CONDOMINIUM, LOCATED AT 101 EAST FLAGLER
STREET, MIAMI, FLORIDA ("PROJECT''), PROVIDING AN EXTENSION OF THE DEADLINE
FOR THE RECEIPT OF CERTIFICATES OF OCCUPANCY AND THE SALE. OF EIGHTY-ONE (81)
OF THE PROJECT'S RESIDENTIAL CONDOMINIUM UNITS, UNTIL DECEMBER 23, 2006.
WHEREAS, the City of Miami ("City") entered into an Agreement (the "Agreement") with Flagler First Condominiums,
LLC (the 'Developer") relating to the redevelopment of an affordable housing condominium project, known as Flagler First
Condominium, located at 101 East Flagler Street, Miami, Florida, to consist of no less than ninety (90) affordable residential
condominium units and approximately 7,000 square feet of retail space (the "Project"); and
WHEREAS, in accordance with the Agreement the Developer is required to obtain certificates of occupancy for the
Project and sell eighty-one (81) of the Project's residential condominium units by June 23, 2005; and
WHEREAS, the Developer has experienced delays beyond its reasonable control in conducting extensive structural
testing as required by the City (including complete asbestos abatement), in vacating tenants and in bringing the building's
premises to current hurricane/wind load and fire code requirements, which has resulted in a delay m the completion of the
plans not initially contemplated by the Developer; and
WHEREAS, for the aforesaid reasons the Developer has requested an extension until December 23, 2006 for the receipt
of Project certificates of occupancy and the sale of eighty-one (81) of the Project's residential condominium units;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and
incorporated as if fully set forth in this Section.
Section 2. The City Manager is authorized {1) to execute Amendment No. One, in substantially the attached form, to the
Agreement with the Developer, relating to the Project, to provide an extension for the receipt of certificates of occupancy
and the sale of eighty-one (81) of the Project's residenna] condominium units, until December 23, 2006.
City of Miami Page I Printed on 6/I$/2005
CITY ATTORNEY
City of Miami
Page 2 Printed on 6/t5/2005